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ZenLlama
Founder of @intokustrat. Founding contributor @MeleeMarkets, @unlayeredpod. Former @monad_xyz DevRel, @solana Core Dev, @apple Embedded DSP for AirPods. 👟
> If I knew what I know now, candidly we would have waited to launch a coin, so that we could have a FW from Day 1.
No shit—and yet you've built platforms forcing token launches twice now (i.e. Clout).
Insanity is doing the same thing over and over expecting different results.
24.7. klo 05.47
I've been doing a bad job recently with regard to transparency, public trust, and community alignment. That’s on me. It’s been greatly requested that we provide more transparency related to our pending flywheel (FW).
When Believe’s volume surged in May, I didn’t even know what a flywheel was. Honestly, we simply weren’t prepared to be one of the leading platforms in the space.
I had to move fast and surround myself with people who had experience launching similar mechanisms at scale. Believe is now working with a team widely regarded as the best in the space for this kind of work (we’re intentionally not naming them here).
To launch a flywheel in a compliant way, a specific corporate structure is required. Setting up that structure involves several prerequisites that are being expedited as much as possible. We’re now in the final innings of the process.
If I knew what I know now, candidly we would have waited to launch a coin, so that we could have a FW from Day 1.
I know that this has been a painfully long experience for our community and that we’ve been very poor on communication. I apologize for that. The lack of communication has damaged the trust that people have placed in us. It is on us to earn your trust back, and it will take time to do so.
Once our flywheel is live, I believe it will set the gold standard for what’s expected from crypto projects. Every project with a live coin should have an attached flywheel—it’s the obvious future.
Thanks to all for the input so far. We’re still so early.
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This tweet is a billboard for why we created @meleemarkets.
Fundamentally I do not believe in forcing creators to make tokens to monetize their audience.
No normal creators want to be forced to pump and dump on their audience for monetization.
I feel like I’m taking crazy pills some times.
This seems so incredibly obvious.
Yet people spend hours on spaces glazing creator capital markets because what, you own some of the coin?
If anything it just shows how in incredibly out of touch web3 has become with actual consumers.
It’s the same gaslighting that led to the NFT bubble. If we don’t create better systems we are fated to repeat the same results.
At Melee we see it as our mission to fundamentally change the game for the better.
Enough is enough.
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